Grab Holdings Limited (NASDAQ:GRAB) Stock Position Lowered by WCM Investment Management LLC

WCM Investment Management LLC reduced its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,905,595 shares of the company's stock after selling 470,823 shares during the quarter. WCM Investment Management LLC owned approximately 0.27% of Grab worth $51,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Perpetual Ltd purchased a new position in shares of Grab in the 4th quarter worth $213,177,000. Wellington Management Group LLP grew its stake in shares of Grab by 13.4% in the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after buying an additional 14,671,388 shares in the last quarter. Tree Line Advisors Hong Kong Ltd. purchased a new stake in shares of Grab during the 3rd quarter valued at about $38,000,000. Assenagon Asset Management S.A. raised its holdings in shares of Grab by 109.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company's stock valued at $79,989,000 after buying an additional 8,868,071 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Grab by 179.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company's stock worth $47,357,000 after acquiring an additional 8,004,912 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

NASDAQ:GRAB traded up $0.22 during trading hours on Wednesday, reaching $5.00. 57,594,716 shares of the stock were exchanged, compared to its average volume of 29,204,822. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $20.14 billion, a P/E ratio of -250.00, a P/E/G ratio of 1.95 and a beta of 0.90. The firm has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $4.20.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. As a group, sell-side analysts forecast that Grab Holdings Limited will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GRAB. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets started coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an "outperform" rating and a $4.60 price target on the stock. Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered Grab from an "overweight" rating to a "neutral" rating in a research report on Wednesday, February 5th. Finally, China Renaissance downgraded Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Grab has an average rating of "Moderate Buy" and an average price target of $5.54.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.